The provincial government instituted a 15% real estate tax levied on foreign buyers that went into effect in July. So, no surprise here.<p>There are plenty of people supporting the tax who actually wanted prices to come down, and the tax is having the intended effect.<p><a href="http://globalnews.ca/news/2846122/b-c-to-bring-in-foreign-buyer-tax-finance-minister/" rel="nofollow">http://globalnews.ca/news/2846122/b-c-to-bring-in-foreign-bu...</a>